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Math 133

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Submitted By jasmine3011
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Government Laws
Margaret Draper
AIU Online

Abstract
There are many different ways people handle their lives. Especially when doing business with each other. That is why we have law’s that takes place in people everyday lives that we have to go, and also live by. I will explain to you the difference between an express and implied contract. A unilateral and bilateral contract and a contract that is void and voidable. I will analyze the key elements that must be taken place for formation of a contract and give three examples of a valid consideration.

Government Laws In dealing with contracts there are several different explanation when it comes to contracts, the first one is an express contract, and express contract is a contract that consists of agreements that is represented by both parties. There statements can be by word of mouth or in writing, when writing in contract; it must be between the two parties in which they agree. When the express contracts is made, a contract embracing the identical subject can’t be implied in fact, as the law will not normally imply a substituent promise or contract for an express contract of the parties.
Implied contract’s is a legally enforceable agreement that arises from conduct, from assumed intentions, from some relationship among intermediate parties. Contracts that are implied contracts are based on the facts and the circumstances of the case or other evidence of the parties. Most contracts are not stated in words. The law has nothing to do with the distinction between contracts that is said b words and conduct. An implied contract is just as binding as an express contracts that raises from the parties declared intentions, with the only difference being that for contracts implied in fact courts will offer the parties intentions from their relations with business and course of dealings.
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